fyi
current technology will allow the industry to recover about 3.5% of its oil estimate, or about 32 billion barrels of oil...
an improvement in the recovery factor to 5% means the industry could eventually extract as many as 45 billion barrels of oil
BTTT
I’m curious. If we have pulled a billion barrels of oil out of the ground why is gasoline still running over $4 per gallon? Why haven’t we seen a drop in price consistent with the increase in supply?
bkmk